CAR Conference Speaker: Vehicle Sales Will Slow But Remain Robust

LAS VEGAS – Vehicle sales will slow, but will remain robust in the next few years, said Nicholas Lobaccaro of Lehman Brothers. Lobaccaro gave several points in discussing his outlook for the used-vehicle industry:

  • Sales will slow, but will remain robust. "If the industry used to be happy with 15 million vehicles sold, they’ll be happy in the next few years," Lobaccaro said.
  • Other trends that Lobaccaro predicted were that hybrid vehicles will go up in sales, and cars would decline. Traditional trucks will hold their own or decline a bit. Also, the Internet will drive marketing and cost efficiencies, and will improve customer satisfaction.
  • There will be an increased supply of near-new vehicles. Vehicles will have improved quality. Customers will have improved access to credit. There will continue to be higher volumes of off-lease vehicles.
  • Comment On This Story

    Name:  
    Email:  
    Comment: (Max. 10000 characters)  
    Please leave blank:
    * Please note that every comment is moderated.

     
     

    Newsletter: Sign up to receive latest news, articles, and much more.

    Read the latest

    Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

    Car Rental Rates Up, Fleet Sales Down — Correlation?

    Car rental companies’ recent fleet discipline is needed now more than ever.

    Hertz, Avis Autonomy Partnerships: Good First Steps on a Long Path

    Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.

    An Inside Look at Car Rental in China

    A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

    Job Finder: Access Top Talent. Fill Key Positions.

    >